The International Energy Agency (IEA) has raised its forecast for the decline in global oil demand in 2026 to 1.6 million barrels per day, up from the previous estimate of nearly 1 million barrels. This sharper drop is driven by ongoing high fuel prices and disruptions caused by the closure of the Strait of Hormuz, a critical shipping route. Despite some diplomatic signals, no agreement has been reached to reopen the Strait, prolonging supply concerns and price volatility. Brent crude prices have fluctuated significantly, recently trading near $90 a barrel, reflecting the uncertainty in global oil markets.
Sika AG posted a 4.8% sales increase in local currencies for the first nine months of 2026, reaching CHF 8.71 billion despite currency headwinds. The company saw organic growth of 3.5% and improved material margins to 55.4%, with EBITDA rising 1.9% t...
Sika reported a 4.8% sales increase in local currencies for the first nine months of 2026, reaching CHF 8.71 billion despite a negative currency effect. The company improved its material margin to 55.4% and maintained an EBITDA margin of 19.2%, with ...
Aduro Clean Technologies announced its participation in five major industry and investor conferences from October to December 2026. The company will showcase progress in its Hydrochemolytic™ technology for recycling plastics and upgrading crude oils,...
Aduro Clean Technologies announced it will participate in five conferences between October and December 2026, engaging with industry professionals and institutional investors. Key topics include updates on their Hydrochemolytic™ technology for recycl...
Robinhood Chain, an Ethereum Layer 2 network, now allows users to borrow Global Dollar (USDG) using Robinhood Stock Tokens as collateral. The platform sets liquidation loan-to-value (LLTV) ratios at 62.5% for NVDA and SPCX tokens, and 77% for SPY tok...
